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  • nickster135796 nickster135796 Nov 16, 2012 6:16 PM Flag

    This was capitulation day!

    There probably were people who were thinking of jumping from a bridge. Think how much its gone down the last week, every day. I agree that this was the reversal on more than double volume.

    Sentiment: Buy

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    • I felt it today. It was the day when I really felt horrible when it was at 507. It was going down 2$ every few minutes, I had never seen any thing like that before. I thought I had lost so much money (130K down ) in just 6 weeks. Really terrible, brought almost tears to my eyes. Till yesterday I was comfortably numb but today I felt the real pain, at that time, I sent text to my friend asking him to buy aapl because I felt it was enough today to shake me. I had no intention to sell. I am so much down with this that I will go down with ship now, I am not gonna jump. But I know aapl will be again 700 in few months.

      I have 600 shares at cost of 700. Just don't ask what was I thinking when I bought it.

    • It would have kept going down but the fiscal cliff news is what turned everything around. So I don't see it as true capitulation. It needs to spike down on very heavy volume then bounce back on it's own. I see retest of bottom sooner or later. Not just saying because I'm short. Would say same if I were long.

 
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